Caprock Group LLC Takes Position in ICL Group Ltd. $ICL

Caprock Group LLC acquired a new position in ICL Group Ltd. (NYSE:ICL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 183,220 shares of the basic materials company’s stock, valued at approximately $1,180,000.

Other large investors also recently added to or reduced their stakes in the company. MAI Capital Management grew its holdings in shares of ICL Group by 2,055.0% during the second quarter. MAI Capital Management now owns 4,310 shares of the basic materials company’s stock valued at $30,000 after buying an additional 4,110 shares in the last quarter. CWM LLC grew its stake in ICL Group by 23.7% during the 2nd quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 1,581 shares in the last quarter. Truist Financial Corp acquired a new position in shares of ICL Group in the 2nd quarter valued at about $69,000. Thrivent Financial for Lutherans purchased a new stake in shares of ICL Group in the second quarter worth approximately $72,000. Finally, Greenleaf Trust acquired a new stake in shares of ICL Group during the third quarter worth approximately $74,000. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Price Performance

NYSE ICL opened at $5.73 on Friday. ICL Group Ltd. has a 1 year low of $4.85 and a 1 year high of $7.35. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $5.39 and a 200 day simple moving average of $5.85.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.95 billion. ICL Group had a return on equity of 7.24% and a net margin of 5.23%. On average, equities analysts expect that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.048 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $0.19 annualized dividend and a dividend yield of 3.4%. ICL Group’s payout ratio is presently 48.28%.

Analyst Ratings Changes

Several research firms have recently commented on ICL. Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a report on Monday, December 29th. Barclays dropped their target price on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Finally, Wall Street Zen upgraded ICL Group from a “hold” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.23.

About ICL Group

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.